It expects to sell the key crop nutrient for $200-230 a tonne in the current quarter, compared to an average price of $254 a tonne in the previous three-month period.
Canada Mining News
Only a day after announcing the deal, Franco-Nevada increased the size of the financing by 45%, citing “strong demand.”
The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.
The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.
The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.
Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".
Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.
Canada is the world’s fifth largest oil and gas producer and its energy export revenues are a significant part of the economy.
Company has already told employees that the mine will shut down in August.
Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.
The company has named Sandy Martin as its new chief executive officer.
Buyers are not biting in worst market in generation.
This is the third time in a month the U.S. coal miner downsizes its workforce.
Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).
The nation has struggled to manage its resources leading to disagreements and protests of mining operations.
On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the challenge of creating a viable and sustainable value chain to retrieve polymetallic nodules from the ocean floor. […]
During the PFI Awards Dinner held in London on Feb. 3.
Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.
The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.
SUDBURY, ON (February 4, 2016) – Laurentian University has signed an agreement to leverage its expertise in an effort to help evaluate mining training needs in Ivory Coast, implement relevant and viable training programs, and […]
After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.
The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.
The Prospectors & Developers Association of Canada is asking the government to increase the Mineral Exploration Tax Credit (METC) to 30% for a period of three years.
The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.
The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.